According
to the prepared in accordance with the Russian Accounting Standards
statements for 12 months of 2022, revenue of Rosseti Centre and Volga
region, PJSC (the ticker - MRKP) was 113 256,2 mln RUB, including
from electric energy transmission – 108 021,9 mln RUB, from
grid connections – 2 606,4 mln RUB and other revenue –
2 627,9 mln RUB. Sales profit1 was 19 010,3
mln RUB. Earnings before interest, taxes, depreciation and
amortization (EBITDA2) reached 28 389,7 mln RUB,
EBITDA margin increased against the same period last year by 1,5 p.p.
and was 25,1%. Net profit increased by 3,1% to 10 908,3 mln RUB.
Data
in million RUB, unless specified otherwise
Indicators
|
12M
2022
|
12M
2021
|
Change
|
Revenue
(total), including:
|
113
256,2
|
106
393,0
|
+6,5%
|
Revenue
from electric energy transmission
|
108
021,9
|
102
488,3
|
+5,4%
|
Revenue
from grid connection
|
2
606,4
|
1
622,2
|
+60,7%
|
Other
revenue
|
2 627,9
|
2 282,5
|
+15,1%
|
Cost
of sales
|
93
310,9
|
88
992,6
|
+4,9%
|
Sales
profit1
|
19
010,3
|
16
428,4
|
+15,7%
|
Sales
profit margin, %
|
16,8%
|
15,4%
|
+1,4
p.p.
|
EBITDA2
|
28 389,7
|
25 064,4
|
+13,3%
|
EBITDA
margin, %
|
25,1%
|
23,6%
|
+1,5
p.p.
|
Net
profit
|
10
908,3
|
10
580,1
|
+3,1%
|
Net
profit margin, %
|
9,6%
|
9,9%
|
-0,3
p.p.
|
Amount
of electric energy transmitted, million kWh
|
47 986,6
|
47 978,2
|
0,0%
|
Electric
energy losses, %
|
7,19%
|
7,31%
|
-0,12
p.p.
|
Indicators
|
As
of 31.12.2022
|
As
of 31.12.2021
|
Change
|
Total
assets
|
166
634,3
|
146
494,8
|
+13,7%
|
Net
assets
|
86
832,6
|
81
145,6
|
+7,0%
|
Borrowed
funds
|
26 999,8
|
26
928,9
|
+0,3%
|
Cash
and cash equivalents + Financial investments (short-term)
|
7
924,8
|
437,9
|
+1
709,7%
|
Net
debt3
|
19 075,0
|
26
491,0
|
-28,0%
|
[1] Revenue
net of cost of sales, selling and administrative expenses
[2] EBITDA
is calculated as follows: Profit before tax + Interest payable +
Depreciation
[3] Net
debt is calculated as follows: long-term borrowed funds +
short-term borrowed funds – cash and cash equivalents –
short-term financial investments
|
The
volume of electricity transmission services, compared to the same
period last year, practically did not change and amounted to 47 986,6
million kWh. Thanks to the implementation of a set of organizational
and technological measures in the Company for 12 months of 2022, the
level of electricity losses was reduced from 7,31% to 7,19% (by 0,12
p.p.).
Due
to the change in the boiler tariff from 1 July and 1 December 2022,
the revenue for electricity transmission services for 12 months of
2022 increased by 5,4% compared to 12 months of 2021. The growth in
the revenue from grid connections by 60,7% is associated with
execution of major grid connection contracts in 2022. The other
revenue increased by 15,1% as a result of ongoing work to increase
the volume of additional services provided.
The
cost of sales following the results of 12 months of 2022, compared to
the same period last year, increased by 4,9% and amounted to 93 310,9
mln RUB, which is due to an increase in operating expenses due to
inflationary pressure, including an increase in the cost of material
resources, electricity to compensate for losses and the cost of
services of grid organizations.
The
EBITDA2 indicator was 28 389,7 mln RUB (an increase
of 13,3%). The net profit following the results of 2022 was 10 908,3
mln RUB.
The
Company’s total assets at the end of 2022 were 166 634,3 mln
RUB (an increase of 13,7% in comparison with 31 December 2021). The
Company’s net assets increased by 7,0% and reached 86 832,6
mln RUB. The net debt3 was 19 075,0 mln RUB (as of 31
December 2021 – 26 491,0 mln RUB).
The
Company’s statements for 12 months of 2022 can be found at:
https://www.mrsk-cp.ru/stockholder_investor/disclosure_reporting_info/finansovaya-informatsiya-i-otchetnost/bukhgalterskaya-otchetnost-mrsk-tsentra-i-privolzhya/. Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade Search by alpha index
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